Leadership of the Foreign Ministry of Uzbekistan met with Deputy Assistant Secretary of Defense David Sedney yesterday, Foreign Ministry of Uzbekistan said on Wednesday.

Uzbekistan Аirways Technics of national airline Uzbekistan Havo Yollari participated at the Eighth international exhibition "Technical maintenance and repair of aviation equipment in Russia and CIS". The exhibition was held in Moscow on 20-21 February. The exhibition was attended by 90 companies, including Uzbekistan Аirways Technics. Technical maintenance and repair is one of key segments of civil aviation, which ensures that airplanes are in good condition. The Russian event attracted key players of the technical maintenance and repair of aviation equipment sector, as well as airlines, state bodies, experts, and others. Uzbekistan Аirways Technics has right to conduct maintenance and repair works of Boeing and Airbus airplanes. The exhibition serves as platform for attraction of new clients.

Almalyk Mining and Metallurgy Combinate (AGMK) announced a tender within the construction of mine on gold production in Tashkent region. The starting price of the tender is US$18.9 million.

RIA Novosti reported quoting source in the company that tender was announced for driving of the vertical shaft of the mine field Samarchuk in Kyzylalma deposit on "turnkey" bases. The bids are accepted until 26 March and the results of the competition will be announced in April.

The project cost is US$74 million. The project envisages construction of underground mine at Samarchuk field on the base of existing Kyzylalma deposit. The capacity of mine will be 200,000 tonnes of ores a year. The project will be implemented within two years.

The project will be financed due own resources of AGM for US$35 million, loan of Fund for Reconstruction and Development of Uzbekistan - US$14.2 million and loans of Uzbek banks - US$24.8 million.

AGMK is only producer of copper in Uzbekistan. It also produces 90% of silver, produced in Uzbekistan, and 20% of gold.

"In most of Central Asia, economic growth continued decelerating in response to the global economic slowdown, combined with one-off exogenous factors (including poor agricultural harvests and a gold mine strike in the Kyrgyz Republic)," said the EBRD in its 2013 outlook for the emerging economies in the wider Europe-Asia region that it covers.
"Turkmenistan continues to experience a buoyant economic expansion with GDP growth of 14.7% in 2011 and around 11% in 2012, driven by large public construction projects and increased gas exports to China and Iran," said the EBRD.
...Kazakhstan (6% GDP growth) and Uzbekistan (7%) are also expected to post impressive growth compared to their regional counterparts, although external factors will likely dampen the exuberance of most Central Asian economies.
But there are signs that the wider region is bottoming out and it will lift growth across the wider geographical area.
"Growth in the transition region continued to slow down in the third quarter of 2012, but the deceleration is showing signs of bottoming out," said the EBRD.
"We estimate that GDP growth in the transition region has dropped to 2.6% last year from 4.6% cent in 2011 and will moderately rise to 3.1% this year. Downside risks to the outlook have continued to recede as the likelihood of further deterioration of the Eurozone crisis diminishes."

Keeping unemployment in check
Most importantly, unemployment levels in Central Asia remain in single-digits, compared to other places in the wider Eurasian region.
Unemployment in places like Tajikistan (2.5%) and Kazakhstan (5.3%) are manageable, compared to the high double-digits joblessness rates in emerging South Eastern Europe states and Central European economies.

 

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With a full day of timely business sessions, and other activities, the "Eighth Annual Silk Road Conference" again is scheduled in Chicago, Illinois, USA, on Friday May 17,2013.

The Conference will be held at the Chicago Kent School of Law Conference Center at 565 West. Adams Street, in Chicago, and will be highlighted by a morning networking session, exhibits, ethnic gourmet lunch, field trips, social events, and "One-on-One" business meetings.

Representatives from government and business will discuss various business aspects during country panel discussions.  Focus will be on Azerbaijan, China, Kazakhstan, Turkey, Pakistan, and Uzbekistan.

Organized by the Central Asian Productivity Research Center, which has been involved in projects both in the US and in Central Asia for more than a decade, focuses on economic development programs such as entrepreneurship and small business development in nations along the Silk Road and neighboring regions.

The conference is supported by the Business school of Northern Illinois University, in DeKalk, Illinois, and School of Business at Hacettepe University in Ankara Turkey.

The "Fourth Annual Energy Values Conference" sponsored by the Center for Energy and Values Issues and Northern Illinois University, is scheduled on Wednesday and Thursday, May 15 and 16 2013.

 

For registration and information contact:

lepinske@sbcglobal.net 

Phone (708)246-5556

 

To Register Online click here